Credit Analyst

Job Title - Credit Analyst
Location - Dover, DE
Pay Rate - $31.07 per Hour
Temporary Assignment

The primary function of this position is to analyze information and credit reports to evaluate degree of risk of business loans and prepare recommendations for the AVP of Commercial Loan Department, Chief Executive Officer, Senior Credit Analyst and Loan Committee. A key component of this service is to identify the financial needs of the member and recommend an appropriate credit union solution. In addition, assist with the daily operations for the Commercial Loan Department.

Essential Functions

Review loan packages to ensure all financial information has been obtained with appropriate signatures and analyze credit information to make a general assessment of members creditworthiness.

Conduct in-depth review of balance sheet and profit and loss statements presented by applicants for commercial loans or lines of credit, and evaluate.

Assess liquidity, quality of management, market position, and overall business climate to estimate future profitability of business.

Analyze and review appraisals of real estate used as loan collateral.

Complete risk rating analysis to determine appropriate risk ratings on credit requests, existing credits and annual reviews.

Compile and structure loan package for presentation. Prepare report-summarizing findings.

Monitor payment practices to protect credit union from bad debt losses.

Spread financial statements.

Complete financial analysis on financial statements and tax returns to include annual reviews.

Assist AVP of the Commercial Loan Department. Chief Executive Officer, and Senior Credit Analyst in preparing Credit Proposal Summaries.

Work with accountants to obtain and/or review financial information.

Monitor portfolio to insure all financials, aging reports and other required documents are up to date.

Monitor portfolio to include tracking for annual financial reviews.

Assist in preparing closing loan documents.

Serve as Notary

Job Specifications

Requires education equivalent to a Bachelors degree.

Requires minimum of five years of related experience and or training in services at a bank, credit union, and/or other financial institution. Corporate, industry training, or continuing education on the business market, small business target market, etc. desirable.

Must possess a valid state drivers license & insurance. Duties are performed in an office environment but also may require travel to other credit union facilities to provide assistance and/or attend meetings, training and networking events. Duties may also require travel to business meetings within the local community and out of the state.

Ability to read and understand business financial statements.

Strong organizational ability, versatility, time management, with ability to work with minimal or no supervision.

Work requires proficient computer skills (MSWord, Excel, PowerPoint, and Microsoft Outlook) and the ability to learn new software applications. Must have ability to operate standard office equipment such as copier and calculator. (Testing prior to interview)

The ability to have considerable discretion and judgment when working with confidential and sensitive information.

NMLS required, or ability to get within six months of hire.

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